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Monetary Policy Analysis in Models Without Money

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NBER2001-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8174
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The following arguments are developed: (i) models without monetary aggregates do not imply that inflation is a non-monetary phenomenon and are not necessarily non-monetary models; (ii) theoretical considerations suggest that such models are misspecified, but the quantitative significance of this
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2001-03-01
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